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. now i'll ask about the faa furloughs, which started yesterday. a group of almost the entire airline industry, including air traffic controller unions, flight attendants, pilot unions, and the industry itself, have written denis mcdonough and the white house a letter saying that the faa should be granted flexibility so they don't have to furlough the air traffic controllers. what do you say to this broad coalition? they say that other agencies have been given such flexibility and they believe the faa should have the same flexibility. >> let me give you some facts. the department of transportation is required by law to cut about $1 billion between now and the end of september; $637 million of that comes from the faa. the faa has initiated a series of cost-saving measures for personnel and non-personnel related, including a hiring freeze, restrictions on travel, termination of certain temporary employees, and reductions to contracts, among other savings. but furloughs cannot be avoided. seventy percent of the faa's operations budget is personnel. the faa must furlough 47,000 employees
, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are tested. they're train
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